GBP/JPY – 1H – BUYThe combination breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 193.35800 will persist.
Caution: A possible change in the direction of the support zone at 189.84600 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 194.597688 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 193.35800 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 193.35800 |
| Current Price | 193.30800 |
| Next Low | 189.84600 |
| 2nd Low | 189.56100 |
| 3rd Low | 188.70000 |